14th IFSB SUMMIT 2019

The IFSB is pleased to announce that the 14th IFSB Summit will be held from 12 to 14 November 2019 in Jakarta, Indonesia. Bank Indonesia will be the host for this year's Summit, now a biennial event for the IFSB.

Islamic Finance for Sustainable Development in the Era of Technological Innovations

The Islamic Financial Services Industry (IFSI) is currently worth about USD2.19 trillion, and operates in more than 60 countries. In 12 of these countries, the Islamic banking sector has attained systemic significance. The IFSI continues to explore new horizons, embrace emerging challenges and adapt to latest innovations.

The industry has untapped potential as an alternative financial platform to provide financial intermediation that is all-inclusive, to drive acquisition of sustainable livelihood capital, and one that is linked to the real economy.

In attaining the desired potential of the IFSI, intellectual discourse on both the "mechanics" and "spirit" of Islamic finance are equally important. The extent and proposed strategies / initiatives that emphasise operational efficiency and profitability are pertinent. In parallel, it is crucial for the industry to ensure it is anchored on values in its entire ramifications to all stakeholders with due cognition to the Sharī'ah principles that underlie Islamic finance.

In the face of significant financing gaps to achieve the global objectives of sustainable development, Islamic finance's untapped potential as a substantial source of financing has a crucial role to play. More than ever, there is an increased rationale to leverage on the potential of Islamic finance to provide an additional platform through which resources can be mobilised to promote shared prosperity, reduce poverty, and enhance socio-economic inclusivity anchored on the principles of the Sharī'ah.

Recent data from the Financial Inclusion Index (FINDEX) indicate that lack of financial inclusion remains a relatively significant issue in countries with significant presence of Islamic finance. On a global level, the financial inclusion agenda has attracted the interest of various international organisations, central banks, international standard setters and market players in the financial ecosystem. This is pertinent when viewed from the perspective of global sustainable development objectives.

Notwithstanding its remarkable growth, Islamic finance in the Muslim world provides a great opportunity to ensure inclusive financial development by bringing to the fore, the true value (fairness) and inherent principles (Maqasid Al-Sharī'ah) of Islamic finance. This may require mainstreaming Islamic finance globally through among other means, the use of technology to broaden access to various Islamic finance platforms. In some jurisdictions with a significant Islamic presence, there is much potential and ongoing efforts to tap into the synergy between Islamic finance and technological advancements through for instance, regulatory sandboxes, among others.

The relative plausibility of impossible is gradually diminishing since the inception of the fourth industrial revolution. The wave of technological innovation has hit the shores of financial services and has greatly driven the financial landscape to a new frontier. The biggest imprinted landscape i.e. Internet of Things (IoT) has given rise to the digital economy which has redefined technological innovation within the financial industry, manifest in Fintech, InsureTech, SupTech, Regtech and many others.

In addition, technological innovation has brought forward completely new propositions encompassing not only new and improved services, but also serves a more inclusive market segment at a faster pace to maintain relevance with a more dynamic financial services ecosystem. Therefore, the need to accelerate financial inclusion through mainstreaming Islamic finance has driven the IFSI to leave no stone unturned in riding high on this redefined wave. It is envisaged this would have meaningful impact on the real economy.

The IFSB Summit seeks to explore the essence in connecting the triad: inclusiveness, technological innovation and sustainability, as a significant medium through which the global sustainable development objectives can be achieved and to steer the global financial ecosystem towards a new frontier of mainstreaming Islamic finance services.

The Summit is an important platform that brings together esteemed delegates to explore current developments and the future outlook of the IFSI in charting the new frontier of Islamic finance and to address key challenges in order to be ahead of the curve in this digital era.


  12 November 2019: PRE-SUMMIT EVENTS

12/11/2019 08:30 - 16:30 IFSB Summit Exhibition
08:30 - 09:00 Welcome Coffee
09:00 - 11:00 1st IFSB Innovation Forum

The inaugural IFSB innovation forum sets the stage to enable the most creative minds in the Islamic financial services industry to showcase their pre-developed or conceptualised products, instruments, services, mobile applications and other offerings which exhibit an element of innovation and forward-looking creativity. This Forum, which is expected to feature as a regular annual series, is an effort by the IFSB to bring together the Islamic finance stakeholders to focus on the promotion and development of innovative Islamic finance solutions, vital to create the competitive edge needed to sustain the Islamic financial services industry going forward. The inaugural Forum will showcase products including, among others, (1) Sukuk based on Blockchain Technology (2) Islamic SME and Real Estate Financing through Web-based Crowdfunding Platform (3) Islamic Social Finance and its models to enhance financial Inclusion, and also (4) Islamic Robo-Advisors and their contributions to Wealth Management

Moderator: Dr. Salma Abbasi, eWorldwide Group


  • Matthew Martin, Blossom Finance
  • Han Guangyu (Abdullah) HLC Foundation & Technologies
  • Dr Yahia Abdul Rahman- Lariba Banking Group / Lariba Bank of Whittier (American Finance House)
  • Adissadikin Ali, RHB Islamic Bank
  • Joann Enriquez, IAP Integrated Sdn Bhd
  • Hussam Sultan, Head of Group Islamic Commercial Banking and Transaction Banking, CIMB
11:00 - 11:30 Coffee Break and Networking
13:00 - 14:00 Lunch and Networking
13:00 - 16:30 IFSB Summit Pre-registration

  13 November 2019: 14th IFSB SUMMIT - DAY 1

13/11/2019 08:30 - 17:30 IFSB Summit Exhibition
11:00 - 13:00 Registration
13:00 - 14:00 Plenary Session
14:00 - 14:30 Coffee Break and Networking
14:30 - 16:00 Session 1: Leveraging Islamic Finance To Enhance Socio-Economic Inclusion And Sustainable Development

Sustainable development is typically classified into three broad dimensions - economic, environmental and social sustainability. Inherent within the principles of Islamic finance are the concepts of socio-economic inclusion, welfare and social justice and an emphasis on financing being closely linked with the real economy, among others. These inherent characteristics represent the potential of Islamic finance to play a greater role in enabling the effective resource mobilisation needed to achieve economic and environmental sustainability, enhance accessibility to financing, and utilise social welfare tools for more inclusive financing. The session aims to discuss on how Islamic finance can create greater impact across these dimensions through inclusive and responsible financing, and to identify the issues that need to be addressed by regulators, standard setters and international organisations in achieving these objectives. Among the discussions points are: Enhancing the enabling environment to cultivate inclusive growth of the IFSI and developing an ecosystem for responsible financing Identifying the issues and challenges in mobilising Islamic finance to promote social, economic and environmental sustainability Exploring the regulatory considerations in facilitating and promoting sustainability-based initiatives in the IFSI Addressing the barriers to further integration of Islamic finance with socio-economic inclusion and other sustainability objectives

16:00 - 17:30 Session 2: Mainstreaming Islamic Finance Through Technology: Building A Robust Regulatory Eco-System

In the fast-paced changing regulatory environment, policy makers face continuous pressure to develop strong regulations and support a robust eco-system. Technological innovation is one of the key emerging challenges for regulators and supervisors in the financial sector. While embracing financial technology is important, it should not compromise the safety and stability of the financial system. As the finance industry is exploring the emerging risks in the technological innovation space, unique risks specific to Islamic finance may also emerge. A myriad of Sharīʻah-related issues deriving from rules and principles, compliance, governance, requisite talent scarcity, and cross-border jurisdictions may be amongst the challenges faced by regulators and supervisors. This session aims to discuss key issues and impediments that merit regulators and international standard setters attention in technology adoption regulatory space with due regard to unique risks arising from Sharīʻah-related issues. This platform allows lessons drawn from regulatory and supervisory experiences which may promulgate the industry best practices. Among the discussions points are: Developing prudential regulations for the digital transformation of Islamic finance institutions operating in a more dynamic financial ecosystem and the various approaches taken by regulators (e.g. regulatory sandbox, innovation accelerators, innovation hubs) Identifying the issues faced (e.g. cyber risk, money laundering, Sharīʻah-neutrality, Sharīʻah governance) by regulators in developing prudential regulation and supervision system (e.g. Regtech, Suptech) in embracing technology adoption without compromising safety and stability of Islamic financial system Harmonising regulatory and supervisory approaches in addressing cross-border issues to create a coherent and supportive regulatory framework within the competitive environment Bridging the gap of talent scarcity for regulators and supervisors with new and diverse skills that require more diversified and technology savvy coupled with Sharīʻah expertise in Islamic economics/ finance

19:30 - 22:00 14th IFSB Summit Gala Dinner hosted by Financial Services Authority Indonesia (OJK) - Hotel Mulia Senayan

  14 November 2019: 14th IFSB SUMMIT - DAY 2

14/11/2019 08:30 - 09:00 Welcome Coffee and Networking
08:30 - 15:30 IFSB Summit Exhibition
09:00 - 10:15 Session 3: Broadening Access And Resilience In Digital Islamic Finance: Opportunities And Challenges

Notwithstanding the inherent value proposition that Islamic finance offers, it still represents a marginal share of the global financial system. Broadening access to Islamic finance therefore is imperative for improving financial inclusion especially towards enhancing socio-economic development within the tenets of the Sharīʻah. The role of the Islamic market players in this regard is essential. This is especially in relation to offering innovative Islamic finance products and services in a manner that leverages on technological advancement without infringing on the value-based intermediation essentials of Islamic finance. This session expects stimulating discussion among market players aims to elicit practical perspectives and experiences on how to broaden access to digital Islamic finance. Specifically, it is expected that the session would provide insights into both extant and emerging operational impediments to broadening access to digital Islamic finance and how the panel members have been able to navigate through the operational challenges of evolving technology, competition, regulatory requirements and Sharīʿah compliance. The panel is also expected to highlight possible opportunities and strategies to unlocking the potentials of the various Islamic social finance platforms especially via technology. This is in addition to providing insights into how the market players are keying into various efforts on identity inclusion as a basis to promoting financial inclusion and strengthening AML/CFT and cyber-risk resilience practices in Islamic finance. Among the discussions points are: Broadening the outreach, sustainability and impact of Islamic social finance via technology Unlocking the potential of Islamic finance towards enhancing acquisitions of sustainable livelihood assets Facilitating identity inclusion towards broadening financial inclusion and strengthening AML/CFT practices Identifying and mitigating the implication of the peculiar digital Islamic finance risks for the resilience and stability of the IFSI Rethinking the Sharīʻah and Technology nexus in delivering digital Islamic financial services Reassessing the operational challenges and opportunities of Islamic finance regulatory sandboxes Proposing the key components for delivering value-driven digital Islamic finance

10:15 - 10:30 Coffee Break and Networking
10:30 - 11:45 Session 4: Emerging Technology And Innovation In Islamic Finance: Opportunities And Risks

The adoption of innovative technologies and business models is a prominent emerging trend that is fast changing the ecosystem of the financial services industry. However, alongside the potential opportunities and benefits for the IFSI, standard-setters and regulators need to be cognisant of the potential new risks. Thus, developing a fit-for-purpose regulatory and supervisory regime is imperative, notwithstanding the formidable challenge it presents in balancing the objectives of facilitating innovation while ensuring effective risk management and financial stability. The session aims to discuss the emerging trends and new developments in technological innovation in the IFSI, their benefits and potential risks. It also aims to highlight the opportunities and current gaps that need to be addressed in order to provide a supportive and competitive environment for the adoption of innovative technology in the IFSI whilst preserving financial stability. Among the discussions points are: The emerging trends in technological innovation in the Islamic finance sphere The legal, Sharīʻah, regulatory and supervisory considerations in the wider adoption of innovative instruments in the IFSI Islamic finance, crowdfunding and digital services: the experience thus far, emerging issues and potential risks (e.g. cybersecurity, etc.) Machine learning and artificial intelligence in Islamic financial services - key considerations (e.g. Robo advisors and sharīʻah compliance) Blockchain, smart contracts and Ṣukūk: the opportunities and key considerations Challenges in implementing innovative instruments and the regulatory role in providing facilitative platforms for innovation

11:45 - 12:45 RFI Foundation Report Launch

This session features the launch of a report by the RFI Foundation featuring the report lead author, Tan Sri Dr. Zeti Akhtar Aziz presenting the principal conclusions of the report. Following the presentation, panelists will discuss how ethical finance and Islamic finance, both responsible forms of finance with strong commonalities, can help transform the role of finance in society. The session objective is to outline ways in which institutions utilizing these forms of responsible finance can play a more constructive role in supporting growth and development and in providing solutions to some of the challenges confronting the global economy.

Moderator: Blake Goud, Chief Executive Officer, Responsible Finance & Investment (RFI) Foundation


  • Dr. Zeti Akhtar Aziz, Recipient of the Royal Award for Islamic Finance 2018. Former Governor of Bank Negara Malaysi


12:45 - 14:00 Lunch
14:00 - 15:30 Session 5: The Way Forward For Islamic Finance

The Islamic finance industry is playing a pivotal role in the wider global economy, with assets in excess of $2.19 trillion, projected to reach $3.8 trillion by 2022. Notwithstanding with the challenges facing the global finance industry, the outlook for the Islamic finance remains strong. Islamic finance is seen increasingly as a pillar for economic diversification and growth by number of governments, particularly in addressing the challenges of financial inclusion, Small and Medium Enterprises funding and international trade. As a niche yet flourishing industry, Islamic finance is consistently expanding its outreach within the global landscape. The Islamic finance industry is gradually shifting gears toward embedding sustainability into its core business model. As more IIFS embrace responsible finance, more technology-based solutions are likely to surface. While contemplating the forces of todays challenges, coupled by determination to change for tomorrow, international standard setters and regulators should leave no stone unturned to be equipped for the evolving financial landscape. This session aims to discuss the strategic policy agenda to set the tone in shaping the future landscape of sustainable and inclusive Islamic finance anchored on technological innovations. Among the discussions points are: Enhancing the regulatory environment and removing the impediments to enable Islamic finance to thrive in the changing landscape Addressing policy issues to create an Islamic financial system that is more responsive to the real economy Facilitating collaborative efforts between policy makers, regulators and other stakeholders to achieve the development objectives of Islamic finance Developing the requisite financial and technological infrastructure to achieve the ecosystem necessary to propel Islamic finance into the new frontier of technology-enabled, value-driven, sustainable and inclusive finance Meeting the capacity-building needs for the Islamic finance industry to move into the next phase of its development


The 14th IFSB Summit will host over 200 Islamic financial industry regulators as well as leading market players and practitioners. Be part of this IFSB's landmark event. Contact the IFSB Secretariat for the sponsorship packages that are being offered for potential sponsors. Various sponsorship opportunities and categories are available. Click here to download the sponsorship package.

Mrs. Nirvana Jalil Ghani
Email: nirvana@ifsb.org
Tel: +603 9195 1400 (GL) / + 603 9195 1426 (DL)
Fax: +603 9195 1405
Ms. Rosmawatie Abdul Halim
Email: rosmawatie@ifsb.org
Tel: +603 9195 1400 (GL) / + 603 9195 1425 (DL)
Fax: +603 9195 1405

Summit Gala Dinner Sponsor

Indonesia Financial Services Authority

The Indonesia Financial Services Authority (OJK), established through law Number 21 of 2011, is mandated to conduct regulatory and supervisory functions to the overall activities in the financial services sector comprising of banking, capital markets, and non-bank financial industry. As such, OJK is responsible to ensure that the overall activities within the financial services sector are:

  1. implemented in an organized, fair, transparent and accountable manner;
  2. able to promote a financial system that grows in a sustainable and stable manner; and
  3. able to protect the interests of consumers and the society.

In the context of accelerating the growth of the domestic Islamic financial industry growth, OJK has issued policies as set out in the Islamic Financial Roadmap. OJK also addresses issues, such as industry 4.0, funding in its relation to the Sustainable Development Goals and climate change, with its set of policies.

Delegate Bag Sponsor

Islami Bank Bangladesh Limited

Islami Bank Bangladesh Limited (IBBL), the first Shari`ah based bank of Bangladesh, was established with the mission of introducing a welfare oriented banking system, started its operation in 1983. IBBL is now serving 14 million clients through its 350 branches, 700 Agent Banking Outlets and banking booths with deposit portfolio of USD 10.72 billion and investment (Credit) portfolio of USD 10.09 billion.

IBBL handles highest foreign trade of Bangladesh economy i.e. import USD 4704 million, export USD 2960 million and remittance USD 3243 million with market share 9%, 9% and 21% respectively in 2018. IBBL introduced Micro Finance (Rural Development Scheme) in 1995. Around 1.2 million families are beneficiaries of this scheme, out of which 92% are women.

Central Bank of Bangladesh awarded this bank as highest remittance collecting bank in 2018. IBBL is amongst world’s top 1000 banks for last 8 consecutive years having the position 943rd in 2019 rated by UK based financial magazine `The Banker’. The bank achieved World’s Best Islamic Bank Award 2019 conferred by The General Council for Islamic Banks and Financial Institutions (CIBAFI) and ‘Strongest Bank in Bangladesh-2018’ Award conferred by The Asian Banker.

Summit Collateral Sponsor

Cagamas Berhad

Cagamas Berhad (Cagamas), the National Mortgage Corporation of Malaysia, was established in 1986 to promote homeownership and contribute towards nation development. It contributes towards the growth of the capital markets, Islamic finance and other priority sectors through issuance of innovative instruments. The provision of liquidity to financial institutions at a reasonable cost to the primary lenders of housing loans encourages further expansion of financing for houses at an affordable cost.

The Cagamas model is well regarded by the World Bank as the most successful secondary mortgage liquidity facility. Cagamas is the largest issuer of debt instruments in the Malaysian capital market. Since incorporation in 1986, Cagamas has cumulatively issued RM320.4 billion (as at 30 June 2019) of bonds and sukuk, which includes issuances by its wholly owned subsidiaries, Cagamas Global P.L.C. and Cagamas Global Sukuk Berhad that are guaranteed by Cagamas.

Cagamas’ corporate bonds and sukuk continue to be assigned the highest ratings of AAA/Stable/P1 by RAM Rating Services Berhad and AAA/MARC-1 and AAAIS/MARC-1IS by Malaysian Rating Corporation Berhad, denoting its strong credit quality. Cagamas is also well regarded internationally and has been assigned local and foreign currency long-term issuer ratings of A3 by Moody’s Investors Service Inc. that are in line with Malaysian sovereign ratings.

Industry Supporter

Asia School of Business

Asia School of Business was established as a collaboration between MIT Sloan School of Management and Bank Negara Malaysia, to be a premier business school that develops transformative and principled leaders who will contribute to a better future.

The Asia School of Business brings the rigor of an MIT education to the richness and complexity of global challenges, with an Asian perspective. ASB offers a full-time MBA program, a part-time MBA for Working Professionals and will be launching a unique residential, one-year Master of Central Banking in June 2020.

The Master of Central Banking provides a leading-edge education for mid-career, high potential central bankers. The program builds an integrated view of central bank functions, and is forward-looking, with emphasis on best practice, innovation and new technologies. There is deep MIT faculty involvement in teaching, and the program includes 6 weeks of MIT immersion in Cambridge, Massachusetts. The mission is to nurture and bring together the central bankers of the future, who will carry out their mandates in a world of fast-changing financial systems.

Al Salam Bank Profile

"Al Salam Bank-Bahrain B.S.C (ASBB) is an Islamic bank headquartered in the Kingdom of Bahrain and is licensed and regulated by the Central Bank of Bahrain."

ASBB was established on 19 January 2006 in the Kingdom of Bahrain with paid-up capital of BD 120 million (US$ 318 million) and was the largest Initial Public Offering (IPO) in the Kingdom's history with subscriptions reaching over BD 2.7 billion (US$ 7 billion). The Bank commenced commercial operations on 17 April 2006. ASBB was listed in Bahrain Bourse on 27 April 2006 and subsequently on Dubai Financial Market (DFM) on 26 March 2008.

Following a resolution of ASBB's Extraordinary General Assembly meeting held on 4 May 2009, ASBB completed its merger with the Bahraini Saudi Bank (BSB) on 22 December 2011. On the 2 February 2014, Al Salam Bank-Bahrain and BMI Bank B.S.C (c) confirmed the conclusion of a business combinations between the two institutions after obtaining the approval of their shareholders at their respective extraordinary general assembly meetings by way of exchanging 11 ASBB shares for each BMI Bank share wherein ASBB acquired 58,533,357 BMI Bank shares of BD1 each and issued 643,866,927 ASBB shares of 100 fils each. As of March 2014, both Banks updated their respective CRs to give effect to the share swap and consequently BMI Bank became a wholly owned subsidiary of ASBB.

ASBB offers its customers a comprehensive range of innovative and unique Sharī'ah-compliant financial products and services through its extended strong network of branches and ATMs utilising the state-of-art technologies to meet various banking requirements. In addition to its retail banking services, the Bank also offers Corporate Banking, Private Banking, Investment as well as Treasury Services. The Bank's high-calibre management team comprises highly qualified and internationally experienced professionals with proven expertise in key areas of banking, finance and related fields.

Key factors that contribute to the Bank's distinct market differentiation include:

  • Strong paid-up capital base.
  • Pre-eminent founding shareholders.
  • High-calibre management team.
  • State-of-the-art IT infrastructure.
  • Innovative, tailor-made Sharī'ah-compliant product solutions.
  • Universal business model covering deposits, financing and investment products and services.

ASBB is adopting internationally recognised standards and best practices in areas such as corporate governance, compliance and risk management, operating with the highest levels of integrity, transparency and trust.

BNI Syariah

After operating as Sharia Business Unit since 2000, PT Bank BNI Syariah was then established on 19 June 2010 as Commercial Sharia Bank in Indonesia, a subsidiary of PT. Bank Negara Indonesia (Persero) Tbk. Our vision is to become the people’s choice in Sharia Banking, which is provenly leading in service and performance. With ‘Hasanah’ value, BNI Syariah continuously spreads the good deeds with Amanah and Jamaah virtue. BNI Syariah is striving to:

  1. Provide meaningful contribution towards society, while supporting environmental sustainability.
  2. Provide solutions for the benefit of the community for the sharia banking services demand
  3. Deliver optimum investment value to investors
  4. Create a place of pride for working and achieving best performances for the staff, as the embodiment of worship
  5. Serve as a standard of a trustworthy corporate governance

As per September 2019, BNI Syariah serves with 374 branches & 1.746 Sharia Channelling Outlets throughout Indonesia. BNI Syariah is committed as Hasanah Banking Partner to all Stakeholder for a broader Sharia finance impact with a sustainable growth.

BTPN Syariah

Established as a result of the conversion of PT Bank Sahabat Purba Danarta and the spin-off of BTPN’s Sharia Business Unit, BTPN Syariah was registered as the 12th Sharia Commercial Bank in Indonesia on 14 July 2014.

As the only bank in Indonesia that focuses on serving productive underprivileged families with a potential target market of more than 40 million people, known as the ‘unbankable’ for their lack of financial track records and legal documentation, BTPN Syariah sees this niche as both a challenge and an opportunity. For this reason, the bank specifically designs its facilities and infrastructures to be different from conventional banking to ensure effective and efficient products and services for this specific segment.

Despite having only 25 branch offices and 41 Operational Functional Offices throughout Indonesia, the bank works with nearly 12,000 employees to provide frontline services in almost 70% of sub-districts in Indonesia. They are given the responsibility to implement an empowerment program involving productive underprivileged families in customer centers by coaching the families, in order to promote 4 key behaviors of empowerment, namely Courage to Do Business, Discipline, Hard Work, and Solidarity. They are called ‘Melati Putih Bangsa’, our trained high-school graduates working as Community Officers for the bank.

As a bank, BTPN Syariah also acquires funds from customers. Today, as many as 20,000 high-income customers bank with BTPN Syariah and are served by professional personal bankers. Close to 100% of the acquired funds are channeled to productive low-income families, with 3.6 million active customers (a total of more than 5 million financing customers).

Social impacts on customers, such as their probability of going back to poverty, percentage of children enrolled in school, and ability to repay and to save, are also measured annually. This shows how BTPN Syariah financing programs generate positive impacts on the livelihood of low-income households. The Poverty Probability Index (PPI) by Innovations for Poverty Action (IPA) is chosen as the survey method and tool because of its international applicability and stellar credibility, as well as easy implementation.

Our philosophy of 'Do Good, Do Well' (where solid performance is followed by real social impacts) is what unites all members of BTPN Syariah under one identity as #bankirpemberdaya.

Chartered Institute of Islamic Finance Professionals

The CIIF was established in June 2015 as a professional body for Islamic finance practitioners to support capacity building agenda of the industry by setting professional standards to drive the next phase of Islamic finance human capital development. The CIIF is governed by a council made up of industry practitioners and experts in the Islamic finance field. The CIIF currently has over 1300 members who are involved in various aspects of Islamic finance, including the Islamic banking and takaful sectors, legal and consultancy professions, academia, as well as Government Linked Companies. Previously known as the Association of Chartered Islamic Finance Professional (ACIFP), the institute underwent a timely restructuring exercise in 2015. As part of its objective to become the premier global professional body for Islamic finance professionals, the CIIF was incorporated to assume the role of ACIFP with a primary mandate to set standards for professional qualification in Islamic finance for its members, and to regulate its members through the Code of Ethics and Standards of Professional Conduct. This mandate is as outlined in the Financial Sector Blueprint 2011-2020 (FSBP) of Bank Negara Malaysia, which stated ACIFP as the professional body responsible for global quality benchmarks for Islamic finance professionals, including the issuance of standards that allow for a worldwide membership base. Aside from a name change and a brand-building exercise the association’s secretariat office had a change of leadership and management. The CIIF is also mandated to spur the professionalisation of the Islamic finance industry by collaborating with industry associations, regulators, government agencies, education and training providers, and other relevant stakeholders through various activities and initiatives. Through the CIIF Standards and Guidelines, the CIIF aims to create value and prestige for the profession by gaining recognition from the industry through the professionalism, continuous development and elevation of knowledge, skills and competencies of its members.


Qitmeer is the first public chain that is dedicated to serving the ecosystem of ethical finance, socially responsible investment and Islamic Finance, which aims to act as the overall financial infrastructure to seamlessly converge all these areas, thereby enhancing financial inclusion. With the support of HLC Foundation, the R&D of Qitmeer initiated since the beginning of 2018 and then launched the open- source code on GitHub on June 30, 2019.

Adhering to the wisdom in essence of Bitcoin network, together with the adoption of a secure underlying technical structure, as the next generation of public chain based on Block DAG, Qitmeer is committed to serving the open network platform, as well as the dynamic ecosystem of the digital economy and blockchain, which expects to build a new financial system for human beings.

The Investment Account Platform (IAP)

The Investment Account Platform (IAP) is a multi-bank platform that facilitates channelling of funds from investors to finance viable ventures. IAP is operated and owned by IAP Integrated Sdn Bhd.

IAP was launched on 17 February 2016 by Tan Sri Dr Zeti Akhtar Aziz in her capacity as the Governor of Bank Negara Malaysia.

PT Investree Radhika Jaya

PT Investree Radhika Jaya is a legal entity established under the laws of the Republic of Indonesia and the only fintech lending platform that has acquired Authorized Business License for Fintech Lending Platform from Financial Services Authority of Indonesia (OJK) and has approvals for conventional and Sharīʻah business. Investree provides interfacing service sites as liaison between ones that provide loans (ender) and ones requiring loans (borrower) through funding from individuals, organisations, and legal entities to certain legal entities. Not only increase lender gains, Investree also makes loans more affordable and accessible for business borrowers especially small and medium enterprises.

Until the beginning of October 2019, Investree has succeeded to book its record on total loan facility of IDR 3.43 trillion and disbursed loans of IDR 2.61 trillion with 16.3% average rate of return and 98.80% Success Rate 90 or TKB90. Investree was awarded as “Best Fintech of the Year” by The Asset Magazine, “Best P2P Lending Platform for SMEs” by The Asian Banker, and “30 Most Promising Growth-Stage Startups” by Forbes Indonesia.

RHB Islamic

Established in 2005, RHB Islamic Bank is RHB Banking Group’s Islamic banking arm, providing Shariah-compliant financial services under five business units, namely Retail Banking, Wholesale Banking, Business Banking, Treasury and Transaction Banking.

Our Shariah-compliant products and services are delivered in a fast, efficient and seamless manner nationwide to fulfill the needs of customers cutting across Commercial Banking, Investment Banking and Asset Management business streams. Our customer touch-point network is one of the largest in the country with services available at all RHB Islamic Bank branches and RHB Bank branches. These include over 200 branches and more than 500 ATM’s nationwide, with the added convenience of mobile and Internet Banking.

In promoting BNM’s Value-based Intermediation approach and upholding the UN’s Sustainable Development Goals, we participated in projects to help shift the focus of the Islamic finance industry to integrate environmental and social tenets into Islamic banking. For that matter, RHB Islamic Bank was presented with several international accolades in the last three consecutive years.


Summit Strategic Partner

Islamic Development Bank

Multilateral Partner


The Islamic Corporation for the Development of the Private Sector (“ICD”) is a multilateral development financial institution and is part of the Islamic Development Bank (“IsDB”) Group.

ICD was established in November 1999 to support the economic development of its member countries through the provision of finance for private sector projects, promoting competition and entrepreneurship, providing advisory services to the governments and private companies and encouraging cross border investments.

ICD has an authorized capital of $4 billion. Currently, the shareholders of ICD are the IsDB (50%), 54 Islamic countries (30%) five public financial institutions (20%).

ICD mandate and objectives

ICD fosters sustainable economic growth in its 54 member countries by:

  • Financing private sector investment
  • Mobilizing capital in the international financial markets
  • Providing advisory services to business and governments.

ICD select the financing projects based on their contribution to economic development considering factors such as job creation, Islamic finance development, contribution to exports etc. ICD also provides advisory services to governments and private sector groups on policies designed to encourage the establishment, expansion and modernization of private enterprises, development of capital markets, best management practices and to enhance the role of the market economy. ICD operates to complement the activities of the IsDB in member countries.

Information Partners

Asia Insurance Review

Asia Insurance Review (AIR) with over 28 years of covering Asia's insurance markets under its belt, continues to hold its leading undefeated position as the professional regional insurance journal and strategic partner to the insurance industry. Tested and proven, AIR continues to serve the insurance industry as it enter into the second quarter of a century.

As a trusted source of reliable and instant up-to-date news and high quality editorial content, AIR offers dedicated segment on life & health, risk management, innovation, distribution, asset management, pensions, motor and bancassurance.

It also provides expert opinions on hot issues in the market and targeted interviews with C-suite decision makers.

Islamic Finance news (IFN)

Islamic Finance news (IFN) is the Redmoney’s principal publication. IFN is a digital, subscription-based publication available online and through smartphone and tablet applications. Published weekly, the journal provides exclusive and comprehensive coverage of the global Islamic financial markets through in-house analysis and expert external contributions; in addition to a daily news service, additional quarterly supplements and a variety of special annual issues.

Differentiated by a decade of trusted relationships across the industry, IFN is able to leverage an unrivalled network of contacts and connections to provide unparalleled insight into the issues affecting global Shariah compliant markets: along with in – house analysis, news, interviews, reports, industry and sector data, and much more.

With an archived website containing over 60,000 exclusive reports, the IFN portfolio also hosts a suite of proprietary tools including the industry’s largest interactive terminology glossary, a directory of over 4, 000 global Islamic financial Institutions and a portal to Islamic Banking Intelligence, the most comprehensive source of segmented Islamic banking financial data.


IslamicMarkets.com is a leading learning, financial intelligence and investing platform for the $4 trillion global Islamic economy.

With IslamicMarkets PRO, professionals and institutions can access a wide range of actionable content and tools from Sukuk markets and companies to comprehensive industry reports, regional project opportunities and the largest network of investors from across the world.

Tailor your investment experience based around your needs and deploy the platform’s suite of learning and analytical tools to better understand opportunities in global Islamic markets.

Malaysia Gazette

MalaysiaGazette.com commenced operations on August 1, 2013 to meet the challenges in the fast advancing world of cyber journalism in and out of the country. Boasting a line-up of journalists, photographers and videographers with vast journalism experiences, MalaysiaGazette.com presents various dimensions of news in keeping-up with current developments.

Political, economical, social, religious, entertainment and international news are the core of MalaysiaGazette. Multitudes of analysis, articles and personal journals are uploaded in their news portal that is fast attracting the attention of readers from all walks of ages and race.


AlHuda Centre of Islamic Banking and Economics is working diligently and under vigilance shariah compliant standards since its inception. AlHuda CIBE was established in 2005 and Mr. Zubair Mughal is its Chief Executive Officer. AlHuda CIBE has been accredited as a distinguished service provider due to our notable services, team of dedicated professionals and one stop solutions of Islamic banking and finance. Our aim is to provide state-of-the-art and science services of Islamic banking and finance worldwide. AlHuda head office is in UAE and regional offices are in Pakistan and in South Africa. AlHuda CIBE is omnipresent worldwide for its various services:

  • Advisory & Consultancy
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  • Education & Capacity Building
  • Shariah Advisory
  • Publications & Events

Website link: www.alhudacibe.com

True Banking

True Banking is a Bi-Monthly magazine working to deliver Islamic banking & financial services with specific focus on research development, market analysis, training and advancements. The prime aim of True Banking is to create awareness of Islamic banking and finance in the masses and to make available a platform to get the latest news, innovations and updates of national and international banking and finance industry. It is an addition to our achievements towards developing and promoting Shariah compliant financial industry worldwide.

Website link: www.truebanking.com.pk



The 14th Islamic Financial Services Board Summit 2019
12 – 14 November 2019, Jakarta, Indonesia

The IFSB Summit has been organised regularly since 2004 in major cities of different regions. The Summit is designed to allow a higher-level interaction among the delegates to explore the implications of the evolving global economic and financial environment on the Islamic financial services industry (IFSI). It seeks to raise awareness on the emerging challenges in the resilience and stability of the IFSI while discussing measures to reinvigorate growth momentum along with supportive policy reforms. The Summit welcomes high-level participants from regulatory and supervisory authorities, institutions offering Islamic financial services, international organisations, multilateral development banks, academics, Sharīʻah scholars and all other interested parties.

Among the topics that will be discussed during the Summit are:

  • Leveraging Islamic Finance To Enhance Socio-Economic Inclusion And Sustainable Development
  • Mainstreaming Islamic Finance Through Technology: Building A Robust Regulatory Eco-System
  • Broadening Access And Resilience In Digital Islamic Finance: Opportunities And Challenges
  • Emerging Technology And Innovation In Islamic Finance: Opportunities And Risks
  • The Way Forward For Islamic Finance

The IFSB, along with the host of the 14th Summit 2019, Bank Indonesia are pleased to invite representatives of the media to cover the Summit.

Dates: 12 – 14 November 2019
Venue: Cendrawasih Hall 3, Jakarta Convention Center

Two types of media passes are available:

  1. Limited Pass to attend the Opening and Keynote Session on afternoon of 13 November 2019 only
  2. Full Pass to attend and cover the full Summit (Opening and Keynote, and all 5 sessions on 13 and 14 November 2019)

Note: Pre-Summit Events, which will be held on 12 November 2019 are also open to the media.


  1. Media Registration Form
  2. Media Interview Request Form
Please send all registration forms via email/fax to the IFSB Secretariat on/before:
Tuesday, 5 November 2019

(Email: nirvana@ifsb.org / rosmawatie@ifsb.org / Fax: + 603 9195 1405)




The Government of Indonesia facilitate the entry to Indonesia through the following visa categories, click categories to view details:

  1. Visa Free Entry
  2. Visa on Arrival (VOA)
  3. Calling Visa
  4. Visa for Jounalists

Visitors are required to possess a valid passport with an expiration date at least 6 months after the date of entry into the territory of Indonesia. Passport must contain at least two blank visa pages. The "amendment" and "endorsement" pages at the back of the passport do not generally count as blank pages and cannot be used for visa and stamp for entry permit purposes.

For the convenience of all participants, it is suggested to apply for calling visa and journalistic visa at Republic of Indonesia Representatives in 2 months prior to arrival.
The visa types referred to in this information sheet cannot be used for work.

Jakarta Immigration Office List

  1. Soekarno Hatta Immigration Office
    Jl. Perkantoran Bandar Udara Internasional Soekarno-Hatta
    Tangerang, Pajang, Benda, Kota Tangerang, Banten 15126
    Phone: 0811-8337-004
    View Map

  2. Tanjung Priok Immigration Office
    Jl. Melati No.124 A, RT.1/RW.12, Rawabadak Utara, Koja
    Kota Jkt Utara, Daerah Khusus Ibukota Jakarta 14230
    Phone: (021) 43934909
    View Map

  3. Central Jakarta Immigration Office
    Jalan Merpati Blok B12 No.3, RW.10, Gunung Sahari Utara,
    Sawah Besar, RW.10, Gn. Sahari Utara, Sawah Besar,
    Kota Jakarta Pusat, Daerah Khusus Ibukota Jakarta 10720
    Phone: (021) 6541213
    View Map

  1. North Jakarta Immigration Office
    Jl. Boulevard Barat Raya A4 No.80, RT.18/RW.8, Klp. Gading Bar
    Klp. Gading, Kota Jkt Utara, Daerah Khusus Ibukota Jakarta 14240
    Phone: 0856-8050-626
    View Map

  2. West Jakarta Immigration Office
    Jalan Pos Kota No. 4, RT. 04 / RW. 06, Pinangsia, Tamansari
    RT.9/RW.7, Pinangsia, Tamansari, Kota Jakarta Barat
    Daerah Khusus Ibukota Jakarta 11110
    Phone: (021) 6904795
    View Map

  3. East Jakarta Immigration Office
    Jl. Bekasi Tim. Raya No.169, RT.8/RW.14, Cipinang Besar Utara
    Jatinegara, Kota Jakarta Timur, Daerah Khusus Ibukota Jakarta 13410
    Phone: (021) 8509104
    View Map


1. Visa Free Entry

Based on Presidential Regulation of the Republic of Indonesia No. 21/ 2016, there are 169 countries which are eligible for Free Visa for Short Visit (Bebas Visa Kunjungan Singkat). Visitors should be in possession of valid passport of 6 months validity and a return or an onwards journey ticket at the time of arrival and this visa is not for employment and is not extendable.

Foreigner with Visa Exemption facilities will be granted Visit Stay Permit for 30 (thirty) days and not extendable and can not be converted into another type of stay permit. Requirement: a.) A valid passport with minimum validity of 6 (six) months; b.) Return Ticket or Through Ticket, with following purpose of entry:

  1. Leisure, Tourism
  2. Family
  3. Social
  4. Art and Cultural
  5. Government visit
  6. Giving Lecture or attend seminar
  7. Attend a meeting held by head office or Representative office in Indonesia
  8. Continue journey to another country

Citizens from the following countries are allowed to stay in Indonesia of up to 30 days without visa:

  1. Albania
  2. Algeria
  3. Andorra
  4. Angola
  5. Antigua and Barbuda
  6. Argentina
  7. Armenia
  8. Australia
  9. Austria
  10. Azerbaijan
  11. Bahamas
  12. Bahrain
  13. Bangladesh
  14. Barbados
  15. Belarus
  16. Belgium
  17. Belize
  18. Benin
  19. Bhutan
  20. Bolivia
  21. Bosnia & Herzegovina
  22. Botswana
  23. Brazil
  24. Brunei Darussalam
  25. Bulgaria
  26. Burkina Faso
  27. Burundi
  1. Cambodia
  2. Canada
  3. Cape Verde
  4. Chad
  5. Chile
  6. China
  7. Comoros
  8. Costa Rica
  9. Croatia
  10. Cuba
  11. Cyprus
  12. Czech Republic
  13. Denmark
  14. Dominica (Commonwealth)
  15. Dominican Republic
  16. Ecuador
  17. Egypt
  18. El Salvador
  19. Estonia
  20. Fiji
  21. Finland
  22. France
  23. Gabon
  24. Gambia
  25. Georgia
  26. Germany
  27. Ghana
  28. Greece
  1. Grenada
  2. Guatemala
  3. Guyana
  4. Haiti
  5. Honduras
  6. Hong Kong
  7. Hungary
  8. Iceland
  9. India
  10. Ireland
  11. Italy
  12. Ivory Coast
  13. Jamaica
  14. Japan
  15. Jordan
  16. Kazakhstan
  17. Kenya
  18. Kiribati
  19. Kuwait
  20. Kyrgyzstan
  21. Lao, People's Democratic Republic
  22. Latvia
  23. Lebanon
  24. Lesotho
  25. Liechtenstein
  26. Lithuania
  27. Luxemburg
  28. Macao
  1. Macedonia
  2. Madagascar
  3. Malawi
  4. Malaysia
  5. Maldives
  6. Mali
  7. Malta
  8. Marshall Islands
  9. Mauritania
  10. Mauritius
  11. Mexico
  12. Moldova
  13. Monaco
  14. Mongolia
  15. Morocco
  16. Mozambique
  17. Myanmar
  18. Namibia
  19. Nauru
  20. Nepal
  21. Netherlands
  22. New Zealand
  23. Nicaragua
  24. Norway
  25. Oman
  26. Palau
  27. Palestine
  28. Panama
  29. Papua New Guinea
  1. Paraguay
  2. Peru
  3. Philippines
  4. Poland
  5. Portugal
  6. Puerto Rico
  7. Qatar
  8. Romania
  9. Russian Federation
  10. Rwanda
  11. Saint Kitts and Nevis
  12. Saint Lucia
  13. Saint Vincent and Grenadines
  14. Samoa
  15. San Marino
  16. Sao Tome and Principe
  17. Saudi Arabia
  18. Senegal
  19. Serbia
  20. Seychelles
  21. Singapore
  22. Slovakia
  23. Slovenia
  24. Solomon Islands
  25. South Africa
  26. South Korea
  27. Spain
  1. Sri Lanka
  2. Suriname
  3. Swaziland
  4. Sweden
  5. Switzerland
  6. Taiwan
  7. Tajikistan
  8. Tanzania
  9. Thailand
  10. Timor Leste
  11. Togo
  12. Tonga
  13. Trinidad and Tobago
  14. Tunisia
  15. Turkey
  16. Turkmenistan
  17. Tuvalu
  18. Uganda
  19. Ukraine
  20. United Arab Emirates
  21. United Kingdom
  22. United States
  23. Uruguay
  24. Uzbekistan
  25. Vanuatu
  26. Vatican City State
  27. Venezuela
  28. Vietnam
  29. Zambia
  30. Zimbabwe

Below are the list of Entry-Exit Immigraton Check Points for foreigners with Free Visa facilities:

  1. Adi Sucipto, Yogyakarta
  2. Adi Sumarmo, Surakarta
  3. Ahmad Yani, Semarang
  4. Belitung, Tanjung Pandan
  5. Binaka, Sibolga
  6. El Tari, Kupang
  7. Frans Kaisiepo, Biak
  8. Halim Perdana Kusuma, Jakarta
  1. Hang Nadim, Batam
  2. Husein Sastranegara, Bandung
  3. Juanda, Surabaya
  4. Kualanamu, Medan
  5. Lombok International Airport, Lombok
  6. Maimun Saleh, Sabang
  7. Minangkabau, Padang
  1. Mopah, Merauke
  2. Mozes Kilangin, Tembaga Putra
  3. I Gusti Ngurah Rai, Bali
  4. Pattimura, Ambon
  5. Polonia, Medan
  6. Sam Ratulangi, Manado
  7. Soekarno-Hatta, Jakarta
  8. Sultan Aji Muhamad Sulaiman Sepinggan, Balikpapan
  1. Sultan Hasanudin, Makassar
  2. Sultan Iskandar Muda, Banda Aceh
  3. Sultan Mahmud Badaruddin II, Palembang
  4. Sultan Syarif Kasim II, Pekanbaru - Riau
  5. Supadio, Pontianak
  6. Tarakan

  1. Achmad Yani, Ternate
  2. Amamapare, Tembagapura
  3. Anggrek, Gorontalo
  4. Bagan Siapi-api
  5. Bandar Bintan Telani Lagoi, Tanjung Uban
  6. Bandar Sri Setia Raja, Bengkalis
  7. Bandar Sri Udana Lobam, Tanjung Uban
  8. Batam Centre, Batam
  9. Batu Ampar, Batam
  10. Belakang Padang
  11. Belawan
  12. Benete, Sumbawa
  13. Benoa, Bali
  14. Biak
  15. Boom Baru, Palembang
  16. Celukan Bawang, Singaraja
  17. Citra Tri Tunas, Batam
  18. Ciwandan, Cilegon
  19. Dumai
  20. Dwi Kora, Pontianak
  21. Gunung sitoli, Sibolga
  1. Jambi
  2. Jayapura, di Jayapura, Papua; dan
  3. Kabil, Batam
  4. Kendari
  5. Kota Baru
  6. Kuala Enok, Tembilahan
  7. Kuala Langsa, Aceh
  8. Kuala Tanjung, Tanjung Balai Asahan
  9. Kuala Tungkal, Jambi
  10. Lauren Say, Maumere
  11. Lembar, Mataram
  12. Lhokseumawe
  13. Malahayati, Aceh
  14. Malundung, Tarakan
  15. Manado
  16. Marina Teluk Senimba, Batam
  17. Marore, Tahuna
  18. Merauke
  19. Miangas, Tahuna
  20. Nongsa Terminal Bahari, Batam
  21. Nusantara, Pare-pare
  22. Nusantara, Tahuna
  1. Padang Bai, Bali
  2. Panarukan
  3. Pangkal Balam, Pangkal Pinang
  4. Panjang, Bandar Lampung
  5. Pantoloan, Palu
  6. Pasuruan
  7. Pemangkat, Sambas
  8. Probolinggo
  9. Pulau Baai, Bengkulu
  10. Sabang
  11. Samarinda
  12. Sampit
  13. Samudera, Bitung
  14. Sekupang, Batam
  15. Selat Lampa, Ranai
  16. Semayang, Balikpapan
  17. Siak Sri Indrapura, Siak
  18. Sibolga
  19. Sinete, Sambas
  20. Soekarno-Hatta, Makassar
  21. Sorong
  22. Sri Bayintan, Tanjung Pinang
  23. Sri Bintan Pura, Tanjung Pinang
  1. Sungai Guntung, Tembilahan
  2. Tanjung Balai Karimun
  3. Tanjung Emas, Semarang
  4. Tanjung Gudang, Pangkal Pinang
  5. Tanjung Harapan, Selat Panjang
  6. Tanjung Intan, Cilacap
  7. Tanjung Kelian, Pangkal Pinang
  8. Tanjung Lontar, Kupang
  9. Tanjung Pandan, Bangka Belitungh
  10. Tanjung Perak, Surabaya
  11. Tanjung Priok, Jakarta
  12. Tanjung Uban
  13. Tanjung Wangi, Jember
  14. Tarempa
  15. Teluk Bayur, Padang
  16. Teluk Nibung, Tanjung Balai Asahan
  17. Tembilahan
  18. Tri Sakti, Banjarmasin
  19. Tual
  20. Tunon Taka, Nunukan
  21. Yos Sudarso, Ambon
  22. Yos Sudarso, Cirebon

  1. Aruk, Sambas
  2. Entikong
  1. Metamauk, Atambua
  2. Mota'ain, Atambua
  1. Naga Badau, Sanggau
  2. Napan, Atambua
  1. Skouw, Jayapura


2. Visa On Arrival (VOA)

Visitors from the 65 countries may obtain a Visa on Arrival (Visa Kunjungan Saat Kedatangan) at immigration check-points in Indonesia. This visa can be obtained directly when they arrive at certain airports and seaports in Indonesia, regardless of the purpose of the visit (Business, Tourist, and Social-Cultural). A holder of Visit Visa on Arrival is given 30 days stay and can be extended in Immigration Office for 1 (one) time, to have another 30 days stay.

The general requirements for visa on arrival are :

  1. The applicant's passport must be valid for at least 6 (six) months from the date of entry;
  2. Return/through ticket.
  3. VoA Fee for approximately USD 36-37 based on the exchange rate (or IDR 500,000).

The following is the list of Visa on Arrival Countries:

  1. Algeria
  2. Andorra
  3. Argentine
  4. Australia
  5. Austria
  6. Bahrain
  7. Belarus
  8. Belgium
  9. Brazil
  10. Bulgaria
  11. Canada
  1. Croatia
  2. Cyprus
  3. Czech Republic
  4. Denmark
  5. East Timor
  6. Egypt
  7. Estonia
  8. Fiji
  9. Finland
  10. France
  11. Germany
  1. Greece
  2. Hungary
  3. Iceland
  4. India
  5. Ireland
  6. Italy
  7. Japan
  8. Kuwait
  9. Latvia
  10. Libya
  11. Liechtenstein
  1. Lithuania
  2. Luxembourg
  3. Maldives
  4. Malta
  5. Mexico
  6. Monaco
  7. Netherland
  8. New Zealand
  9. Norway
  10. Oman
  11. Panama
  1. People's Republic of China
  2. Poland
  3. Portugal
  4. Qatar
  5. Romania
  6. Russia
  7. Saudi Arabia
  8. Slovakia
  9. Slovenia
  10. South Africa
  11. South Korea
  1. Spain
  2. Suriname
  3. Sweden
  4. Switzerland
  5. Taiwan
  6. Tunis
  7. Turkey
  8. United Arab Emirates
  9. United Kingdom
  10. Unites States of America

Below are the list of Entry-Exit Immigraton Check Points for foreigners holding Visa on Arrival:

  1. Adi Sucipto, Yogyakarta
  2. Adi Sumarmo, Surakarta
  3. Ahmad Yani, Semarang
  4. El Tari, Kupang
  5. Halim Perdana Kusuma, Jakarta
  1. Hang Nadim, Batam
  2. Husein Sastranegara, Bandung
  3. Juanda, Surabaya
  4. Kualanamu, Medan
  5. Lombok International Airport, Lombok
  1. Minangkabau, Padang
  2. I Gusti Ngurah Rai, Bali
  3. Sam Ratulangi, Manado
  4. Soekarno-Hatta, Jakarta
  5. Sultan Aji Muhamad Sulaiman Sepinggan, Balikpapan
  1. Sultan Hasanudin, Makassar
  2. Sultan Iskandar Muda, Banda Aceh
  3. Sultan Mahmud Badaruddin II, Palembang
  4. Sultan Syarif Kasim II, Pekanbaru - Riau
  5. Supadio, Pontianak

  1. Sekupang, Batam
  2. Bandar Bintan Telani Lagoi, Tanjung Uban
  3. Sri Bintan Pura, Tanjung Pinang
  4. Tanjung Balai Karimun
  1. Belawan
  2. Sibolga
  3. Yos Sudarso, Dumai
  4. Teluk Bayur, Padang
  5. Tanjung Priok, Jakarta
  1. Tanjung Emas, Semarang
  2. Padang Bai, Bali
  3. Benoa, Bali
  4. Bitung
  5. Soekarno-Hatta, Makassar
  1. Pare-pare
  2. Maumere
  3. Tenau, Kupang
  4. Jayapura
  5. Sabang

  1. Entikong, West Kalimantan


3. Calling Visa

Countries which are considered by Indonesia Government on certain level of vulnerability and are not eligible for Free Visa or VOA (Visa on arrival) need to make the visa on Indonesian Embassy or Consulate prior to arrival and required an authorization from Indonesian Immigration Head Office Jakarta. Foreigners can apply for calling visa in Indonesian Embassy or Consulates, or the guarantor could apply to the Directorate General of Immigration in Jakarta, Indonesia.

The general requirements for calling visa are:

  1. The applicant's passport must be valid for at least 6 (six) months from the date of entry.
  2. Guarantee letter from appointed party.
  3. Copy of bank account.
  4. Return/through ticket.
  5. Color formal photo (@2, 4cmX6cm)

List of countries need to apply for calling visa are:

  1. Afghanistan
  2. Cameroon
  1. Guinea
  2. Israel
  1. Liberia
  2. Nigeria
  1. North Korea
  2. Somalia


4. Visa for Journalists

Journalist/Press Crew/Media Partners of an event need to apply for a specific visa, referred as journalistic visa, regarding their activities on Indonesian Embassy or Consulate prior to arrival and required an authorisation from Indonesian Immigration Head Office Jakarta. Foreigners can apply for calling visa in Indonesian Embassy or Consulates, or the guarantor could apply to the Directorate General of Immigration in Jakarta, Indonesia.

The general requirements for calling visa are:

  1. The applicant's passport must be valid for at least 6 (six) months from the date of entry.
  2. Guarantee letter from appointed party.
  3. Recommendation letter from related institution.
  4. Copy of bank account.
  5. Return/through ticket.
  6. Color formal photo (@2, 4cmX6cm).
  7. Documents regarding the detail and specification of equipments brought.


There are three 5-stars hotels for the main choices for the event, click hotel name for details:

  • Mulia Hotel
  • Fairmont Hotel
  • The Sultan Hotel

The three hotels are located near the event venue, JCC, as shown by map.


Mulia Hotel

Boasting the largest 5-star deluxe rooms in Jakarta, Hotel Mulia Senayan is an exclusive sanctuary of luxury and personalized service, right in the heart of the city's thriving business district. Hotel Mulia Senayan has carved out an international reputation as one of Asia's finest hotels, renowned for its exquisite furnishings, state-of-the-art amenities and impeccable hospitality. To date, it is the only non-chain hotel in Indonesia to receive the prestigious International Five Star Diamond Award and remains the preferred choice of accommodation for traveling dignitaries and celebrities.

Regarded as one of the premier luxury hotels in Jakarta, the 40-story Hotel Mulia Senayan welcomes guests to a stylish sanctuary with five-star amenities and unparalleled service. Located just 25 minutes from Jakarta's Soekarno-Hatta International Airport and strategically placed amid the city's hottest spots, guests of this elegant hotel can enjoy the very best of Jakarta soon after they arrive at Jakarta airport. Jakarta Convention Centre, the event venue, is located across the street. At Hotel Mulia Senayan, you will find yourself in the ideal location to attend such events without having to travel through the legendary Jakarta traffic.

The rooms type offered by Hotel Mulia:

  • Mulia Splendor
  • Mulia Grandeur
  • Mulia Grandeur Deluxe
  • Mulia Signature
  • Mulia Executive
Ms. Isthy Komalawati
Email : isthy.komalawati@hotelmulia.com
Telephone: (62-21) 574 7777 ext. 4560 Mobile: +62 8119 790 258
For Reservation: +62 21 5753299

Please be reminded that 100% deposit required upon booking, For cancellation 14 days or less than 14 days prior to date arrival 100% charge will apply, and website booking only for Splendor Room.

Group Name: 14th Islamic Financial Service Board Summit Group
Promo Code: IFSBS14
Booking Link: http://bit.ly/IFSBS14


Fairmont Hotel

Fairmont Jakarta is known for its unbeatable location in Senayan, with very close proximity to the Indonesia Stock Exchange, Jakarta Convention Center and linked directly to one of the city's most stylish shopping venues, Plaza Senayan and Sentral Senayan office towers. Fairmont Jakarta provides guests luxury, privacy and convenience at its finest. The Hotel Lobby is one of the biggest among its class in the city. The hotel offers 380 well-appointed guest rooms and suites with incredible views of the Jakarta skyline. Each room is remarkably spacious, complete with premium amenities that are essential to both business and leisure travelers.

Fairmont Jakarta is at the gateway to the commercial and entertainment district of Senayan in Jakarta. Distance from Airport (Soekarno- Hatta) to Fairmont Jakarta (Senayan Area) 24 KM around 30 - 45 Minutes by Taxi. Fairmont Jakarta has Airport Representative on hand upon guests arrival at the Soekarno-Hatta International Airport.

The rooms type offered by Hotel Fairmont:

  • Fairmont Room
  • Fairmont Deluxe Room
  • Fairmont Suit Room
Ms. Ayesha
Email : Ayesha.Andhamdari@Fairmont.com
General Line : +62 21 29703333
Click here to view/download Fairmont Jakarta Group Reservation Form


The Sultan Hotel

The Sultan Hotel & Residence Jakarta is five stars hotel with a touch of royal Javanese, perfect for business or leisure trip in Jakarta.

The rooms type offered by Hotel Sultan:

  • Deluxe Room
  • Grand Deluxe
  • Executive Room
  • Junior Suite
Mr. Aloysius Suhartono
Email : adosm@sultanjakarta.com
Ms. Tuty
Email : sales.tuty@sultanjakarta.com
General Line :+62 21 5703600
Email for Reservation : reservation@sultajakarta.com
Click here to view/download Sultan Hotel Reservation Form

More information of the Hotels will be updated in due course.


The Summit will bring together an experienced international group of Chairpersons and speakers.

Pre-Summit Confirmed Chairpersons and Speakers

Dr. Zeti Akhtar Aziz

Dr. Zeti Akhtar Aziz
Recipient of the Royal Award for Islamic Finance 2018. Former Governor of Bank Negara Malaysia

Dr. Firas Raad

Dr. Firas Raad
The World Bank Country Manager Malaysia

Hussam Sultan

Hussam Sultan
Mr Hussam Sultan, Head of Group Islamic Commercial Banking and Transaction Banking, CIMB

Adissadikin Bin Ali

Adissadikin Bin Ali
Managing Director and Chief Executive Officer of RHB Islamic Bank Berhad and Head, Group Syariah Business

Dr. Yahia Abdul-Rahman

Dr. Yahia Abdul-Rahman
Chairman of the Board and Chief Executive Officer, Lariba-Bank of Whittier

Han Guangyu (Abdullah)

Han Guangyu (Abdullah)
Co-Founder of HLC Foundation and Managing Director of HLC Technologies FZCO

Matthew Joseph Martin

Matthew Joseph Martin
Chief Executive Officer and Founder of Blossom Finance

Joann Enriquez

Joann Enriquez
CEO of Raeed Holdings and its subsidiary, IAP Integrated Sdn Bhd

Summit Confirmed Chairpersons and Speakers

H.E. Dr. Perry Warjiyo

H.E. Dr. Perry Warjiyo
Governor, Bank Indonesia

H.E. Nor Shamsiah Mohd Yunus

H.E. Nor Shamsiah Mohd Yunus
Governor, Bank Negara Malaysia

H.E. Tahir bin Salim bin Abdullah Al Amri

H.E. Tahir bin Salim bin Abdullah Al Amri
Executive President, Central Bank of Oman

Dr. Wimboh Santoso

H.E. Dr. Wimboh Santoso
Chairman Board of Commissioners, Financial Services Authority of Indonesia (OJK)

H.E. Aishah Ahmad

H.E. Aishah Ahmad
Deputy Governor, Central Bank of Nigeria

Dr. Suminto

Dr. Suminto
Assistant Minister for Government Expenditure, Ministry of Finance, Indonesia

Dr. Bello Lawal Danbatta

Dr. Bello Lawal Danbatta
Secretary-General, Islamic Financial Services Board (IFSB)

Dr. Zeti Akhtar Aziz

Dr. Zeti Akhtar Aziz
Recipient of the Royal Award for Islamic Finance 2018. Former Governor of Bank Negara Malaysia

A. K. M. Amjad Hussain

A. K. M. Amjad Hussain
Executive Director, Bangladesh Bank

Sharifatul Hanizah

Sharifatul Hanizah Said Ali
Executive Director of Islamic Capital Market Development, Securities Commission Malaysia

Simon Gray

Simon Gray
Division Chief, International Monetary Authority (IMF)

Peter Kruschel

Peter Kruschel
Director, Banking Supervision, Federal Financial Supervisory Authority (BaFin)

Fahad Yateem

Fahad Yateem
Director, Islamic Financial Institutions Supervision Directorate, Central Bank of Bahrain

William Coen

William Coen
Former Secretary-General, Basel Committee on Banking Supervision (BCBS)

Omar Mustafa Ansari

Omar Mustafa Ansari
Secretary General, Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)

Arup Chatterjee

Arup Chatterjee
Principal Financial Sector Specialist, Asian Development Bank

Dr. Umar Oseni

Dr. Umar Oseni
Acting Chief Executive Officer, International Islamic Liquidity Management Corporation (IILM)

Aamir Rehman

Aamir Rehman
Senior Advisor, Islamic Finance, United Nations Development Programme (UNDP)

Dr. Salma Abbasi

Dr. Salma Abbasi
Chairperson and Chief Executive Officer, eWorldwide Group

Adrian Gunadi

Adrian Gunadi
Co-Founder and Chief Executive Officer, Investree

Dr. Yahia Abdul-Rahman

Dr. Yahia Abdul-Rahman
Chairman of the Board and Chief Executive Officer, Lariba-Bank of Whittier

Dr. Shaikh Nizam Yaqubi

Dr. Shaikh Nizam Yaqubi
Shariah scholar


Dr. Bello Lawal Danbatta

Dr. Bello Lawal Danbatta
Secretary-General, Islamic Financial Services Board (IFSB)

Dr. Bello Lawal Danbatta was appointed the Secretary-General of the IFSB effective 29 January 2018.

Dr. Danbatta, previously the Director of the Centre of Consultancy and Executive Programmes at INCEIF, has over 26 years combined experience in the private, academia, as well as in the financial services regulation and supervision sectors across Africa, Europe, Asia and the Middle East. He is a Member of the Accounting and Auditing Board of Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI), the Basel Consultative Group (BCG), the International Ethics Standards Board for Accountants (IESBA), the International Auditing and Assurance Standards Board (IAASB) and has chaired various working groups for the issuance of financial accounting standards for Islamic financial institutions. He has also been involved in the development and drafting of standards, guidelines and frameworks for capital adequacy, accounting, as well as supervision and regulation of Islamic finance for various countries.

Dr. Danbatta holds a Ph.D. in Islamic Banking and Finance from the International Islamic University Malaysia (IIUM), and an MBA in Corporate Finance. He is a Chartered Accountant (Fellow) with the Association of Certified Chartered Accountant (ACCA-UK), a Licensed International Financial Analyst (LIFA-UK), and a member of the Chartered Institute of Islamic Finance Professionals (CIIFP), Member of Nigerian Institute of Management (NIM), Institute of Chartered Accountants of Nigeria (ICAN), and International Council for Islamic Finance Educators (ICIFE). Dr. Danbatta is a known Islamic banking and finance consultant, and has been active in providing Islamic finance training and consultancy to central banks, securities commissions, deposit insurance corporations and Islamic banks. He also has a number of publications on Islamic banking, corporate governance and earnings management.

In addition to these corporate engagements, he also held the positions of Assistant Professor at Sultan Qaboos University Oman, a Research Fellow at the Accounting Research Institute (ARI) of University Technology MARA (UiTM), Malaysia and Academic Fellow at Insaniah University Malaysia. He has worked with the Highland Bank of Nigeria Plc, Peugeot Automobiles and Securities and Exchange Commission of Nigeria.


Omar Mustafa Ansari

Omar Mustafa Ansari
Secretary-General, Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)

Omar is working at the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) – global Islamic finance standard setter, as its Secretary General. Previously he was Partner – Assurance & Head of Islamic Finance (Pakistan & Afghanistan) at Ernst & Young Ford Rhodes Sidat Hyder - A member firm of Ernst & Young. He is a Fellow member of the Institute of Chartered Accountants of Pakistan (ICAP).

At AAOIFI, he is responsible primarily for leading the process of development of accounting, auditing, governance and ethics standards for the global Islamic finance industry, besides managing the overall affairs of the institution as the organisation's head.

Omar's key areas of expertise include assurance and advisory services to Islamic financial institutions, including Islamic accounting advisory, audits, Sharīʻah audits, corporate finance advisory, structuring of Sharīʻah-compliant transactions, accountancy and financial reporting, Islamic finance training, financial modelling, risk management & development and review of manuals and systems.

Omar is a member (ex-chairman) of ICAP's committee responsible for development of Islamic financial accounting standards for Pakistan and also a member of Insurance Committee leading the accounting regulations development for takāful. He was a member of Securities & Exchange Commission of Pakistan (SECP) Sharīʻah Board and part of the committee for revision of takāful rules, besides being part of several committees and task forces of the State Bank of Pakistan. He is advisor to Saudi Organization for Certified Public Accountants (SOCPA) on Sharīʻah issues concerning International Financial Reporting Standards (IFRS) adoption.

He has contributed several articles in various newspapers and journals, and papers in conferences and is also a regular trainer and speaker on various forums on topics related to Islamic finance including forums like the State Bank of Pakistan, universities and professional bodies.


Dr. Umar A. OSeni

Dr. Umar A. OSeni
Acting Chief Executive Officer (CEO), International Islamic Liquidity Management Corporation (IILM)

Dr Umar A. Oseni is currently the Acting Chief Executive Officer (CEO) and General Counsel of the International Islamic Liquidity Management Corporation (IILM), a multilateral institution headquartered in Malaysia. The IILM is an international organisation established in 2010 by central banks, monetary authorities and multilateral organisations to create and issue Sharī‘ah- compliant financial instruments to facilitate effective cross-border Islamic liquidity management.

Prior to his recent appointed as the Acting CEO of the IILM, Dr. Umar A. Oseni was the Executive Director in charge of Legal and Compliance and has served as a member of IILM's senior executive and management team.

Dr Umar A. Oseni was a visiting post-doctoral fellow at the Islamic Legal Studies Program of the Harvard Law School, where he worked on Islamic finance law and regulation. Apart from being a Harvard-certified negotiator and dispute resolution expert, he has significant and diverse experience in Sukūk structuring, Islamic finance law, and compliance matters. He has consulted for numerous bodies, law firms, and banks in the areas of law and regulation in the Islamic finance world, including on legal aspects of Sukuk structuring for the Islamic Development Bank Group.

Dr. Umar A. Oseni was also a key member of a consultancy team advising on risk management in Islamic financial instruments for the Standing Committee for Economic and Commercial Cooperation of the Organization of Islamic Cooperation (COMCEC). In addition, he previously served as an Associate Professor of law and regulation of Islamic Finance at the International Islamic University Malaysia.


Simon Gray

Simon Gray
Division Chief, International Monetary Authority (IMF)

Simon Gray joined the IMF's Monetary and Capital Markets Department (MCM) in 2007, after a 27 year career at the Bank of England that included spells in banking supervision, money markets and government debt management, and the Centre for Central Banking Studies. He became a Lead Financial Sector Expert in MCM, covering central banking monetary and foreign exchange operations, and was Division Chief of MCM's Technical Assistance Strategy Division from 2015-19. Since February 2018 he has been MCM's Regional Advisor for the Sub-Saharan Africa region, and from September 2019 will additionally be the Regional Advisor for the Middle East and Central Asia. He has provided TA to central banks in a wide range of countries for over 25 years including many of the IFSB members--in particular on the development and structure of monetary and exchange rate frameworks; and has participated in the FSAPs for the USA, India, Malaysia, Moldova, Canada, and led the recent China FSAP.


Fahad Yateem

Fahad Yateem
Director, Islamic Financial Institutions Supervision, Central Bank of Bahrain (CBB)

Mr. Fahad Yateem has held several posts at the Central Bank of Bahrain “CBB”. His current responsibilities include supervision of Islamic Financial Institutions, particularly Islamic banks, retail and wholesale licensed by the CBB. Mr. Yateem began his career in 2006 with Bahrain Islamic Bank in the Risk Management & Compliance. He joined the CBB in 2008 at the Reserve Management Directorate. In 2010, Mr. Yateem joined the Inspection Directorate as Superintendent of Banking Examination. Finally, in 2016 he appointed as Director, Islamic Financial Institutions Supervision.

Mr. Yateem has a Bachelor degree in Business Management with minor in Finance from the University of Bahrain. He is a Certified Public Accountant from USA, New Hampshire Board of Accountancy. Also, he is a Certified Management Accountant from the ICMA, USA and a Certified Financial Services Auditor From the IIA, USA.


Fahad Yateem

H.E. Nor Shamsiah Mohd Yunus
Governor, Bank Negara Malaysia

Ms. Nor Shamsiah is the 9th Governor of Bank Negara Malaysia, assuming office on 1 July 2018. She chairs Bank Negara Malaysia’s Monetary Policy Committee, the Financial Stability Committee and the Financial Stability Executive Committee.

Prior to her appointment as Governor, she served as Assistant Director of the Monetary and Capital Markets Division of the International Monetary Fund.

Ms. Nor Shamsiah joined Bank Negara Malaysia in 1987 and has served in various areas including prudential regulations, legislation, policies and guidelines for the financial sector and supervision. She was involved in the financial sector resolution initiatives during the Asian financial crisis. She was instrumental in the formulation and implementation of the Financial Sector Masterplan (2001-2010) and Financial Sector Blueprint (2011-2020) that charted the development of the Malaysian financial system.

As Deputy Governor from 2010 to 2016, Ms. Nor Shamsiah was responsible for banking, insurance and Takaful supervision, financial intelligence and enforcement, talent management, finance and shared services of the central bank. She also represented Bank Negara Malaysia in the Basel Committee on Banking Supervision and the Financial Action Task Force.

Ms. Nor Shamsiah graduated from the University of South Australia with a Bachelor of Arts in Accountancy and is a Certified Practising Accountant (CPA).


Fahad Yateem

Adissadikin Bin Ali
Managing Director and Chief Executive Officer of RHB Islamic Bank Berhad and Head, Group Syariah Business

Dato’ Adissadikin Ali joined RHB Group on 1 July 2016. Previously he was the Chief Executive Officer of AlKhair International Islamic Bank Berhad since June 2015. Prior to that, he was the President/CEO of Export-Import (EXIM) Bank Malaysia, a position that he held from September 2010.

Dato’ Adissadikin began his career as a Management Trainee Executive with Renong Berhad in 1995. From 1999 to 2003, he served Pengurusan Danaharta Nasional Berhad. In 2003, he joined Bank Muamalat Malaysia Berhad as the Special Assistant to the Chief Executive Officer, later on becoming the Head of Corporate Planning in 2005.

In June 2005, he joined Bank Islam Malaysia Berhad as the Assistant General Manager, Managing Director’s Office. In 2006, he was promoted to assume the position of Chief Financial Officer and General Manager, Special Projects before joining the Export-Import Bank Malaysia as Chief Operating Officer in June 2008.

Dato’ Adissadikin holds an MBA (Finance) from University of Malaya, Malaysia, a Bachelor Degree in Business (Banking & Finance) from Monash University, Australia and a Diploma in Investment Analysis, UiTM, Malaysia.

He completed the Advanced Management Program (AMP) in Harvard Business School, Boston in May 2014. In November 2015, he was conferred the title of Chartered Banker by the Asian Institute of Chartered Banker (AICB) and the Chartered Banker Institute, United Kingdom.

Dato’ Adissadikin is a member of the Board of Advisors, Faculty of Business and Accountancy, University of Malaya, Malaysia.


Fahad Yateem

Dr. Yahia Abdul-Rahman
Chairman of the Board and Chief Executive Officer, Lariba-Bank of Whittier

Dr. Yahia received his graduate education and lived in America for 50 years. He is nicknamed: The Father of RF (Riba Free) Islamic Banking in America. In 1987, he started LARIBA in California. LBG owns the ONLY full service RF National Bank serving Americans in all states; Bank of Whittier. U.S. Bank Regulators acknowledged LBG’s unique and quality RF Discipline. Since 1977, LBG financed over $1.75 Billion. Dr. Yahia spent 20 years in Oil Industry and 18 years in investment banking. He pioneered first RF Stock Portfolio for Albaraka in 1988 (at CitiGroup’s – Smith Barney), and spent 20 years in Commercial Banking. He was in the teams that started Industrial Bank of Kuwait in 1974 (also restructured it in 1984-1986), LARIBA Egypt (2004) and LARIBA Bank of Kazakhstan (1993). He led the team that transformed Bank of Whittier into a RF Bank. He authored a best seller: The Art of RF (Riba Free) Islamic Banking and Finance published by John Wiley & Sons (2014 & 2010.)


Adrian Gunadi

Adrian Gunadi
Co-Founder and Chief Executive Officer, Investree

Having graduated from the University of Indonesia Faculty of Economics, and thereafter earning his MBA from the Rotterdam School of Management at Erasmus University, Adrian started his career as a Management Trainee at Citibank, before proceeding to manage Islamic Finance at Standard Chartered, Saadiq, Dubai, UAE. Eventually, he became Head of the Sharia Division at Bank Permata, and finally prior to his present job, he worked as the Director for Retail Banking at Bank Muamalat. Throughout the past 20 years in both local and international banking, Adrian has been busy building business models for banking companies within the conventional sphere in areas such as sharia finance and SME platforms, as well as in microfinance and e-banking in the retail sector.

His experience working in a variety of leading financial institutions made Adrian see firsthand how the difficulties faced by Indonesian people to gain access to finance, especially in this case for SMEs. Departing from this, Adrian implemented the idea to build a digital container that can connect Borrowers with Lenders, namely Investree.

For his continuous efforts to build the fintech lending industry in order to help grow SMEs and improve financial inclusion in Indonesia, Adrian has received an award from the Financial Services Authority from the Financial Services Authority, 2018 Indonesian Financial Figures from Investor Magazine, "Best Fintech Danamon Entrepreneur Award 2017" and "SME100 Awards: 2019 Fast Moving Companies". In 2017, Adrian has also received the prestigious title as "Endeavor Entrepreneur Indonesia" in London. Besides actively served as Vice Chairman of the Association of Indonesian Fintech, Adrian was also elected as the Chairman of the Association of Indonesia Fintech lending Association. As a runner and triathlon activist, Adrian competed in international competitions such as NYC 2015, Chicago 2016, Berlin 2017, London 2019 and the BCA Super League Triathlon 2019 in Bali.


Sharifatul Hanizah Said Ali

Sharifatul Hanizah Said Ali
Executive Director of Islamic Capital Market Development (ICMD) of the Securities Commission Malaysia (SC)

At ICMD, she manages a team that facilitates developmental initiatives for internationalisation of Malaysia’s Islamic Capital Market, review industry proposals and conduct compliance screening on public listed companies from the Shariah perspective. This encompasses initiatives through the deepening and broadening of ICM products and services, to further facilitate globalisation of Malaysia as an ICM hub.

Sharifatul Hanizah has an extensive and diverse experience of over 30 years in the fields of investment analysis, portfolio management, equity trading and unit trust while serving in various organisations such as Permodalan Nasional Berhad (PNB), the National Equity Corporation, RHB Investment Management Sdn Bhd and Muamalat Invest. During her tenure in PNB and RHB, Sharifatul Hanizah’s board experience was vast, spanning consumer goods, technology and manufacturing companies. She served on the boards of exchange-listed and private companies as a Nominee Director for both organisations.

Prior to joining the SC in August 2019, Sharifatul Hanizah was the Chief Executive Officer of SIDC, the learning and development arm of the SC. She is a Fellow of the Financial Services Institute of Australasia (F Fin), a Certified Financial Planner (CFP), an Islamic Financial Planner (IFP) and a Fellow of the Institute of Corporate Directors Malaysia (ICDM).

Sharifatul Hanizah currently plays a role as both moderator and panel assessor for the Finance Accreditation Agency (FAA), a body supported by both Bank Negara Malaysia and the SC. She is also a SIDC faculty member for the SC’s Capital Market Director Programme.


Peter Kruschel

Peter Kruschel
Director, Banking Supervision, Federal Financial Supervisory Authority (BaFin)

Peter Kruschel holds the position of Director in the International Directorate, Federal Financial Supervisory Authority, in Germany. Before he had a long career as head of division in supervising foreign banks with the Federal Financial Supervisory Authority; altogether he has experience of more than 20 years in banking supervision. Before joining the Federal Financial Supervisory Authority, Mr. Kruschel had a career as public prosecutor as well as private lawyer.


Simon Gray

Joann Enriquez
CEO of Raeed Holdings and its subsidiary, IAP Integrated Sdn Bhd

Build a mechanism that churns good over and over again, circulate good and thrive...

This is the mantra of Joann Enriquez CEO of Raeed Holdings and its subsidiary, IAP Integrated Sdn Bhd, owner of the Investment Account Platform, the first Islamic multibank investment platform in the world (www.iaplatform.com); Her team is working towards unlocking the efficient flow of capital into SMEs in Malaysia with the use of crowdfunding into Investment Account, a Malaysian Central Bank Product that promotes the use of Islamic deposits/investments, risk sharing, and real economic impact. This is a landmark initiative of Malaysia and testimony of its leadership in the Islamic Financial Landscape. They are incubating new innovative products that promote financial responsibility and risk sharing that propagates literacy and vesting across the ecosystem to address modern day challenges with the use of technology.

Ms. Joann Maryam Enriquez has over 20 years of experience in Financial Technology from various S&P 500 companies in the Silicon Valley in California where shelead crossfunctional teams in the USA and in the global community. She espouses that propagatinga win-win situation among stakeholders can be the competitive advantage of anyorganization.

She is passionate about Islamic social entrepreneurship in both the charity and investment space utilizing Islamic finance products that propagate social equity, women empowerment, and youth advocacy. As a single mother to Abdallah 13, Amina 11, and Omar 9; she values the importance of family and community and believes that truly this is the crux of society and that progress and all that is good begins at home.

Ms. Enriquez obtained a Double Bachelor’s Degree in Business Administration and International Studies from De La Salle University, Manila; MBA and DBA (candidate) from the University of Phoenix, Arizona.

She also obtained a second Masters: Islamic Finance Practice at the International Center for Education in Islamic Finance (INCEIF), Malaysia and a Certificate of Leadership training from Wharton School of Business, University of Pennsylvania.

She continues to sharpen the saw and continuously seek knowledge and views this as an amazing journey one must take as learning is living.



Balai Sidang Jakarta Convention Center has 20 years experience in hosting various international events and agendas. The JCC client portfolio includes presidents, CEOs, and International musicians, as well as companies from all spheres and levels of business. JCC engagements portfolio includes world conventions, regional conferences, private business, including hosting the IsDB 41st Annual Meeting in May 2016 and the 12th World Islamic Economic Forum in August 2016.

Venue Location and Map

Venue Address: Jalan Jend. Gatot Subroto Senayan, RT.1/RW.3, Gelora, Kota Jakarta Pusat, Daerah Khusus Ibukota Jakarta 10270.

Located beside one of Jakarta's central thoroughfares, the Balai Sidang Jakarta Convention Center has easy access to the Soekarno Hatta international airport, the Jakarta central business district, the Presidential palace and central and municipal administrative buildings, as well as many of the city's prime shopping centers, restaurants, and golf courses. There are several hotels within walking distance of the convention center, including the Sultan Hotel which is linked to the convention center via an air-conditioned underground tunnel.


Bank Indonesia, is the central bank of the Republic of Indonesia established under the Bank Indonesia Act Nr.23/1999 as amended several times, lastly by the Act Nr. 6/2009. The Act confers its status and position as an independent state institution and frees from Government interference or other external parties.

As an independent state institution, Bank Indonesia is fully autonomous in formulating and implementing each of its task and authority as stipulated in the Act. External parties are prohibited from interfering Bank Indonesia's execution of duties, and Bank Indonesia can refuse or disregard any attempt of interference of any forms by any parties.

Such unique status and position are necessary so that Bank Indonesia can implement its role and function as monetary authority more effectively and efficiently. Whether as a public legal entity or as civil legal entity, the position of Bank Indonesia is regulated by the statutes. As a public legal entity, Bank Indonesia has the authority to issue policy rules and regulations, which are binding to the public - at - large. As a civil legal entity, Bank Indonesia is able to represent itself in and outside the court of law.


As the central bank, Bank Indonesia has four major roles:

First, Bank Indonesia safeguards monetary stability through the use of interest rates in open market operations, while also employing other instruments. Bank Indonesia is required to establish an appropriate, well-balanced monetary policy. The reason is that any disruption to monetary stability has immediate impact on all aspects of the economy. Excessively tight monetary policy applied through high interest rates will tend to stifle economic activity, and vice-versa. Therefore, to create monetary stability, Bank Indonesia has adopted a policy known as the inflation targeting framework.

Second, Bank Indonesia's powers include the maintenance of a robust payment system. Failure to settle by any one participant will lead to serious risk of disruption in the payment system. This could trigger contagion and in turn systemic risk. To mitigate this risk in the payment system, Bank Indonesia has developed a specific regulatory framework and launched new mechanisms for payment system operation. One of these mechanisms is the Real Time Gross Settlement (RTGS) system, which offers vastly improved security and speed of payment system transactions. In its position as payment system authority, Bank Indonesia also has access to the necessary information and expertise to identify potential risks in the payment system.

Third, Bank Indonesia is able to tap its research and monitoring capabilities to access information on threats to financial stability. Bank Indonesia employs macroprudential monitoring to monitor vulnerabilities in the financial sector and detect potential shocks that could impact financial system stability. These indicators have been developed at BI, using in-house research capabilities. The information generated by this monitoring is then used to produce recommendations to inform the decisions by the relevant authorities on the most appropriate actions for dealing with disturbances in the financial sector.

Fourth, Bank Indonesia operates the financial system safety net under the central bank lender of last resort (LoLR) function. The LoLR function is a traditional role exercised by Bank Indonesia as the central bank in crisis management with the primary objective of preventing financial system instability. The LoLR function includes provision of liquidity under normal and crisis conditions. This support is extended only to banks faced with liquidity problems that could potentially trigger a systemic crisis. Under normal conditions, the LoLR function may operate for banks experiencing temporary liquidity mismatch, which must still possess adequate repayment capability. In operating the LoLR function, Bank Indonesia must steer clear of moral hazard. For this reason, liquidity can only be provided under strict requirements and subject to assessment of systemic risk.

Bank Indonesia advocates collaboration with international institutions to buttress task performance continuity related to monetary policies and payment systems. In addition to such collaboration, Bank Indonesia also has memberships in several international Islamic standard setting bodies which includes full membership of International Financial Services Board (IFSB), International Islamic Liquidity Management (IILM) and International Islamic Financial Market (IIFM). As a full member of the international setting bodies, BI actively participate in the development standards for Islamic financial services industry issued by IFSB, international Islamic Liquidity management issued by IILM and Islamic financial instrument standards issued by IIFM.

In order to further promote the soundness and stability of the Islamic financial services industry in the midst of the changing landscape of Islamic finance in the era Technological Innovations, Bank Indonesia has taken part as the host of IFSB Summit 2019 with the theme "Islamic finance for Sustainable Development in the Era of Technological Innovations". The event will be held in conjunction with Indonesian Shariah Economic Forum (ISEF) in November 2019.


The Islamic Financial Services Board (IFSB) is an international standard-setting organisation that promotes and enhances the soundness and stability of the Islamic financial services industry by issuing global prudential standards and guiding principles for the industry, broadly defined to include banking, capital markets and insurance sectors.

As at December 2018, the 180 members of the IFSB comprise 78 regulatory and supervisory authorities, 8 international inter-governmental organisations, and 94 market players (financial institutions, professional firms, industry associations and stock exchanges) operating in 57 jurisdictions.

Towards this end, the IFSB works closely with relevant international, regional and national organisations, research/educational institutions and market players.

For more information about the IFSB, please visit www.ifsb.org

Latest IFSB Press Releases
List of IFSB Members
List of IFSB Publications
List of IFSB upcoming events

The Islamic Financial Services Board (IFSB) is an international standard-setting organisation that promotes and enhances the soundness and stability of the Islamic financial services ... more

Bank Indonesia, is the central bank of the Republic of Indonesia established under the Bank Indonesia Act Nr.23/1999 as amended several times, lastly by the Act Nr. 6/2009. ...


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